Headlines
1. Hero MotoCorp to invest Rs 10,000 crore over the next 5-7 years; stock down 2%
With an objective to create the next generation of mobility solutions, the country’s largest two-wheeler maker Hero MotoCorpNSE -0.05 % on Tuesday said it will invest Rs 10,000 crore over the next 5-7 years.
Source: https://economictimes.indiatimes.com
2. Ashok Leyland may gain on hopes of higher
sales in H1 FY21
The muted pre-buying of vehicles within the fourth quarter of FY20, steady working margin, falling debt and beneficial valuation are components that may seemingly help the inventory of Ashok Leyland, which has remained range-bound over the previous three months.
Source: https://eastautonews.com/
Auto Components & Accessories
1. ‘Gas Warrior’ seeks to convert India’s steel mills to spur use
GAIL India Ltd., the nation’s biggest gas utility, is in talks with Indian steel mills to convince them to switch to using the less polluting fuel in an attempt to revive sales growth. The shift to gas will mean a sweeping transition in a country that depends largely on oil and coal for energy.
Source: http://www.energyinfrapost.com
2. Auto Components Supply Chain Could be Disrupted If Coronavirus Outbreak Persists Longer: ICRA
The Coronavirus outbreak has severely affected operations in China, affecting production of key auto components. Hero MotoCorp has already announced a 10 per cent cut in production for February owing to the supply restraint.
Source: https://auto.ndtv.com/news
3. Ralson India launches innovative and eco-friendly bike tyre at Expo 2020
With the new Ralco-120/80-18 motorcycle tyre launch, Ralson eyes a new path in CSR to become a significant brand in a market mainly consisting of millennials.
Source: https://autoportal.com/news
Government Policy
1. MV Act: All roads still lead to courts
Five months after the central government approved the amendment of the Motor Vehicles Act and enhanced the penalties for violations, Delhi traffic police are yet to be authorised to collect the fines in the absence of a Delhi government notification to the effect.
Source: https://auto.economictimes.indiatimes.com/news
2. No Dearth Of Buses In Delhi Soon, Assures Chief Minister Arvind Kejriwal
Delhi Chief Minister Arvind Kejriwal, who took oath for a third term on Sunday, this morning assured there would be “no dearth of buses” in the national capital soon. The Aam Aadmi Party chief had promised to expand city’s bus fleet ahead of assembly elections.
Source: https://www.ndtv.com/delhi-news
3. Apex Court Questions Government About Plans To Popularise EVs
Air pollution has been a major issue for the urban demography of late and has been one of the major concerns of the government. The Supreme Court of India is also looking into possibilities to keep a check on the air pollution.
Source: https://auto.ndtv.com/news
Auto Industry
1. India to switch to the world’s cleanest petrol, diesel from April 1
India will switch to the world’s cleanest petrol and diesel from April 1 as it leapfrogs straight to Euro-VI emission compliant fuels from Euro-IV grades now – a feat achieved in just three years and not seen in any of the large economies around the globe
Source: http://timesofindia.indiatimes.com
2. India’s automotive supply chain could be disrupted due to coronavirus: ICRA
Rating agency ICRA on Wednesday said that India’s automotive industry is likely to be negatively impacted due to the recent outbreak of coronavirus (COVID-19) across China and neighbouring countries in South-East Asia.
Source: https://auto.economictimes.indiatimes.com/news
3. Will go to SC and share ideas on tackling vehicular pollution: Nitin Gadkari
Road transport and highways minister Nitin Gadkari on Wednesday said he was ready to go to the Supreme Court and share his ideas on how to tackle vehicular pollution and gradually transition from fossil fuel-based vehicles to electric and hydrogen ones.
Source: https://timesofindia.indiatimes.com
Four Wheelers & Two Wheelers
1. 2020 Hyundai Creta To Launch In March; Details Out
Hyundai is all set to launch the new generation of the Creta in India on March 17, 2020. The car made its debut at the 2020 Auto Expo.
Source: https://auto.ndtv.com/news
2. Made-in-India Renault Triber launched in South Africa
Renault has launched the made-in-India Triber in South Africa, with the carmaker having exported the first batch of the car to the country in late December 2019. The Triber is the second model built on the CMF architecture to be exported from India, with the Kwid also being shipped to some international markets.
Source: https://www.autocarindia.com/car-news
3. Hero Electric AE-47 High-Performance Bike at 2020 Auto Expo
Hero Electric has unveiled an array of new products at the ongoing 2020 Auto Expo which includes a high-performance motorcycle, a scooter and a trike. Being dubbed as the Hero AE-47, it is one of the most premium offerings from the brand yet for the Indian market.
Source: https://m.dailyhunt.in/news
Global Market
1. Jaguar Land Rover’s UK output at risk from coronavirus-hit supplies
Jaguar Land Rover has flown Chinese parts in suitcases to Britain to maintain production and could run out after two weeks as the impact of the coronavirus outbreak hits companies across countries and industries.
Source: https://europe.autonews.com
2. Nissan faces global parts shortage due to coronavirus, report says
Nissan is bracing for potential disruptions in plants in Europe and the U.S. because the coronavirus epidemic in China is leading to a parts shortage and wreaking havoc across the supply chain, people familiar with the matter told Bloomberg.
Source: https://europe.autonews.com
3. European New Car Sales Down 7.4% in January: ACEA
European car sales fell in January, hit by a sluggish global economy, higher car taxes in some EU countries and uncertainty over Britain’s departure from the bloc, the European Auto Industry Association (ACEA) said on Tuesday.
Source: https://money.usnews.com
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